US Imposes New Restrictions on ASML Chip Exports to China, Sparks Reaction in Netherlands and Industry Concerns

New rules affect ASML’s Twinscan NXT1930Di machine exports to six Chinese factories, escalating international tensions as China finds ways around export restrictions using less advanced technology and Dutch lawmakers push for more EU involvement in such decisions.

China's Semiconductor Manufacturing International Corp (SMIC) has reportedly been using tools from ASML to develop advanced chips, causing concern in the U.S. about China's potential circumvention of export restrictions.
New US restrictions affect ASML’s exports of Twinscan NXT1930Di machine to six Chinese factories, causing backlash among Dutch politicians who call for a more European approach to such decisions.
ASML's advanced immersion DUV lithography systems have been key in producing a state-of-the-art processor for a new smartphone from Huawei, signaling China's ability to bypass export restrictions.
The latest restrictions from the U.S. have raised concerns from ASML's CEO Peter Wennink, who warns that these could incentivize China to develop competing technologies.
Dutch Trade Minister Liesje Schreinemacher supports countermeasures, arguing that the US has the right to conduct its own security analysis, but emphasizes the need for the EU to play a greater role in decisions regarding the ban of sensitive technologies.